Is Your Business Debt Recoverable?
No doubts about it – running a business is hard, arduous work – and one of the hardest parts is trying to collect unpaid or delinquent debt from partners, clients and customers. Your time is valuable, and every hour you spend chasing down unpaid debt is an hour you’re not spending making money. So while […]
The Legal Edge: Navigating HIPAA and Virginia Law in Medical Debt Collection
For any medical practice in Virginia, from a local clinic to a large hospital system, managing accounts receivable is a critical business function. When patient accounts become delinquent, collecting that debt is necessary for the financial health of your practice. However, the process is fraught with legal complexities that, if navigated improperly, can lead to […]
6 Debt Collection Tips for Small Businesses
With millions of Americans expecting to miss a credit card payment this year, it should be no surprise that people fail to pay other bills as well. For small business owners, customers failing to pay you can be catastrophic for your company. It can result in you being unable to pay your bills and even your […]
The 5-Step Checklist for Reducing Patient Accounts Receivable in Virginia
For any successful medical or dental practice in Virginia, providing excellent patient care is the top priority. However, the financial health of your practice depends on another critical function: efficiently managing patient accounts receivable (A/R). When A/R ages, it can strain your cash flow, consume valuable staff time, and pull focus away from what you […]
More Revenue, Simpler Workflow for Virginia’s Clerks of Court
As Clerks of the Court in Virginia, your office is the operational hub of our justice system. You manage many critical responsibilities, and we at Gilliam & Mikula recognize that your time and resources are precious. While crucial, collecting outstanding court fines, costs, and restitution can often add a significant administrative layer to your already […]
Regain Control of Your Cash Flow: Why Outsourcing Debt Collection is a Smart Business Move
In the business world, cash flow is the lifeblood that keeps operations running smoothly. However, when faced with unpaid debts, businesses often struggle to maintain a healthy cash flow, leading to increased stress, strained resources, and potential financial setbacks. This is where outsourcing debt collection to a professional debt collection agency emerges as a strategic […]
Beyond the Docket: Effectively Recovering Court-Ordered Debts in Virginia
Commonwealth Attorneys’ offices and Virginia’s court systems are pillars of our legal structure, ensuring justice is served. However, beyond the critical work of adjudicating cases lies a persistent administrative and financial challenge: the collection of court-ordered fines, costs, and restitution. Millions in obligated funds remain uncollected across the Commonwealth, representing not just outstanding debts, but […]
Prevent Late Payments: Clear Contracts & Policies for Home Services in Richmond
Running a home services business in Richmond, VA, is rewarding, but dealing with late payments can be a major headache. Chasing down invoices not only eats into your profits but also strains client relationships. Fortunately, there are proactive steps you can take to minimize late payments and ensure a smoother financial flow. The key? Clear […]
What to Look for When Hiring a Debt Collection Attorney
If your business has begun to pile up past-due debts, it’s time to consider hiring a debt collection attorney. Retaining the services of a debt collection attorney’s agency is a good option if you have tried to collect the debt yourself and have yet to be successful. However, it is vital to choose the right […]
Technology is Transforming Debt Collection for Richmond Home Services
Debt collection is an essential part of running a successful business, especially in the home services industry, where projects often involve significant upfront costs. However, traditional debt collection methods can be time-consuming, inefficient, and even damage customer relationships. Fortunately, technology is transforming the debt collection process entirely! Here at Gilliam & Mikula, we understand the […]